On 2011-06-17 4:35 AM, Sampo Syreeni wrote:

Since I've been forced to take yet another look into BitCoin and algorithmic (high frequency) trading within a short timespan, I began to wonder how they would work together. What precisely would happen to BitCoin if we had tens to tens of thousands of high frequency traders (thousands of transactions per second per trader) within the network?

The obvious next step is to have chaumian money and account money which has rapid low cost transactions, which money is converted into bitcoins at leisure, analogous to having gold, and account money and banknotes backed by gold. We should have accounts backed by bitcoins, and banknotes (chaumian money) backed by bitcoins. _______________________________________________ cryptography mailing list cryptography@randombit.net http://lists.randombit.net/mailman/listinfo/cryptography ----- End forwarded message ----- -- Eugen* Leitl <a href="http://leitl.org">leitl</a> http://leitl.org ______________________________________________________________ ICBM: 48.07100, 11.36820 http://www.ativel.com http://postbiota.org 8B29F6BE: 099D 78BA 2FD3 B014 B08A 7779 75B0 2443 8B29 F6BE